F.N.B. Corp shares fall over 2% as income misses estimates

PITTSBURGH – F.N.B. Company (NYSE: NYSE:FNB) reported fourth quarter earnings that beat expectations, however shares fell after income got here in beneath analyst estimates.

The regional financial institution posted adjusted earnings per share of $0.38, exceeding the consensus forecast of $0.33. Nevertheless, income of $373.14 million missed Wall Avenue’s projection of $408.7 million.

F.N.B.’s web curiosity earnings totaled $322.2 million in This fall, down barely from $324 million within the year-ago quarter. The web curiosity margin declined to three.04% from 3.21% a 12 months earlier, reflecting increased deposit prices.

Complete (EPA:TTEF) loans grew 5% year-over-year to $33.9 billion, whereas deposits elevated 6.9% to $37.1 billion. The loan-to-deposit ratio improved to 91% from 93% on the finish of 2023.

“FNB additional strengthened its liquidity and capital place, enhancing the loan-to-deposit ratio over 500 foundation factors from the height in 2024 by sturdy deposit originations and reaching increased capital ratios with a document CET1 ratio of 10.6%,” mentioned Chairman, President and CEO Vincent J. Delie, Jr.

F.N.B. maintained its quarterly dividend of $0.12 per share.

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